Mutual Advisors LLC Has $266,000 Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Mutual Advisors LLC decreased its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 78.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,949 shares of the company’s stock after selling 6,981 shares during the quarter. Mutual Advisors LLC’s holdings in iShares U.S. Basic Materials ETF were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Basic Materials ETF during the 3rd quarter worth $26,000. Reston Wealth Management LLC acquired a new stake in iShares U.S. Basic Materials ETF in the 3rd quarter valued at approximately $50,000. Truvestments Capital LLC acquired a new stake in iShares U.S. Basic Materials ETF in the 3rd quarter valued at approximately $71,000. CWM LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF by 15.3% during the third quarter. CWM LLC now owns 724 shares of the company’s stock worth $109,000 after buying an additional 96 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 9.7% in the third quarter. EP Wealth Advisors LLC now owns 1,269 shares of the company’s stock valued at $191,000 after acquiring an additional 112 shares during the period.

iShares U.S. Basic Materials ETF Trading Down 0.3 %

Shares of iShares U.S. Basic Materials ETF stock opened at $136.68 on Wednesday. The company has a market cap of $628.73 million, a price-to-earnings ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 1 year low of $128.19 and a 1 year high of $153.55. The company’s fifty day simple moving average is $137.29 and its 200-day simple moving average is $142.37.

About iShares U.S. Basic Materials ETF

The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.